OPNX, a crypto bankruptcy claims exchange co-founded by Kyle Davis, has secured backing from distinguished companies, including Appworks, DRW, MIAX Group, and Susquehanna International Group (SIG).
OPNX tweeted a file announcement with Executive Director, Leslie Lamb, expressing gratitude for everyone who Support and believe in They are especially thankful to the companies that agreed to back they. a lot of which is from Greater China region.
Investors include institutions that came in in Through CoinFLEX and OPNX direct investors. Backers contributed capital and feedback on OPNX products, legal frameworks and decision to move to Hong Kong.
Launch OPNX
This comes only shortly after OPNX was gone live on April 4, after creation in partnership with CoinFlex earlier in February.
that it mission he help over 20 million demands of money Lost in Bankrupt crypto companies such as Celsius Network, FTX, BlockFi and 3AC, founded by Zhu Su and Kyle Davies.
the fall of 3AC
Zhu Su and Kyle Davies founded Three Arrows Capital (3AC) in 2012. Management of the Singapore-based Hedge Fund up to $18 billion in Cryptocurrency assets on high of that it success.
the fall of 3AC is widely tracked back to collapse of LUNA and stablecoin projectTerra USD (UST). 3AC contract more than $500 million of LUNA at its peak.
This has reached its peak in 3AC filing for bankruptcy in July 2022 after a court ruling for company assets to be filtered.
OPNX on the rise
Despite the initial slowness start for platform, which has seen a relatively limited number trading Since its launch, OPNX now has much better prospects with Backed by many notable investors.
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